ANNOUNCEMENT : ALL OF ROYAL MAIL'S EMPLOYMENT POLICIES (AGREEMENTS) AT A GLANCE (Updated 2021)... HERE

ANNOUNCEMENT : PLEASE BE AWARE WE ARE NOT ON FACEBOOK AT ALL!

Threat of strikes saves RM £50million...

Postal workers discussion forum. Discuss the day to day life in a Blue Shirt.
fishtank
Posts: 19732
Joined: 28 Sep 2007, 17:22
Gender: Male

Threat of strikes saves RM £50million...

Post by fishtank »

From the half year accounts...
Transformation costs were lower than expected, in part due to delays in transformation expenditure related to the industrial relations situation.

Operating profit after transformation costs of £283 million benefitted from a one-off VAT credit of £35 million, lower depreciation and amortisation of £10 million, as well as £50 million lower transformation costs.
Do we get a cut? :so there
good times, bad times you know I've had my share
dvbuk55
EX ROYAL MAIL
Posts: 16650
Joined: 02 Jun 2007, 19:17
Gender: Male

Re: Threat of strikes saves RM £50million...

Post by dvbuk55 »

fishtank wrote:From the half year accounts...
Transformation costs were lower than expected, in part due to delays in transformation expenditure related to the industrial relations situation.

Operating profit after transformation costs of £283 million benefitted from a one-off VAT credit of £35 million, lower depreciation and amortisation of £10 million, as well as £50 million lower transformation costs.
Do we get a cut? :so there
Yes indeed, there will be a cut in staff, overtime, goodwill and an increase in workload and bullying and harassment. :cuppa
Glenno
Posts: 1491
Joined: 05 Jun 2007, 13:12

Re: Threat of strikes saves RM £50million...

Post by Glenno »

Oh dear here we go again :wave :wave
Lincox
EX ROYAL MAIL
Posts: 3485
Joined: 09 Jan 2008, 18:07
Gender: Male

Re: Threat of strikes saves RM £50million...

Post by Lincox »

The good thing about you DVB is you always look on the bright side. I only wish I could be so optimistic.
dvbuk55
EX ROYAL MAIL
Posts: 16650
Joined: 02 Jun 2007, 19:17
Gender: Male

Re: Threat of strikes saves RM £50million...

Post by dvbuk55 »

Lincox wrote:The good thing about you DVB is you always look on the bright side. I only wish I could be so optimistic.
That's me Lincox a real ray of sunshine :cool
Lincox
EX ROYAL MAIL
Posts: 3485
Joined: 09 Jan 2008, 18:07
Gender: Male

Re: Threat of strikes saves RM £50million...

Post by Lincox »

I know, but trouble is I think you have got it spot on. You can guarantee whatever we are given, will be taken back twice or even thrice in heavier and longer duties.